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Analyzing Transactions Using the Accounting Equation Dynamic Corporation completed the following transactions during the month of March. Indicate the effects on the accounting equation for
Analyzing Transactions Using the Accounting Equation Dynamic Corporation completed the following transactions during the month of March. Indicate the effects on the accounting equation for each of the 10 transactions. Provide your answer in the format provided. - Note: Use a negative sign with your answers to indicate a decrease. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected. 1. Issued 90,000 shares of its own common stock for $900,000 cash. 2. Borrowed $450,000 cash in return for a 9%, one-year note payable. 3. Purchased equipment at a net cost of $450,000 cash. 4. Purchased inventory on account for $360,000. Assume that the company uses the perpetual inventory system
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